Bitcoin Prices Are Risinggggggg

Bitcoin and other cryptocurrencies were rising on Thursday, rebounding off lows hit in a recent selloff. But data suggests major holders of the largest digital asset are jockeying to sell, which could bring short-term pressure to prices.

Bitcoin, the leading crypto, was up 3% over the past 24 hours to above $41,000. The price of bitcoin saw its biggest daily decline since February earlier this week and

had slipped below $39,400 at points on Tuesday.

Citing on-chain data from Glassnode—which analyzes transactions on the blockchain, or the decentralized ledger that underpins cryptocurrencies—Marcus Sotiriou, an analyst at digital asset broker GlobalBlock, said there was “some cause for concern.”

Sotiriou said that the number of wallets with a balance of more than 10,000 bitcoin, or around $410 million, has decreased substantially over the past week or so. Moving bitcoin out of a wallet can signal it has been shifted to an exchange or broker for sale.

: Read detailed news

>>>>>>>>>>>>>> Click Here <<<<<<<<<<<<<

نظرات شما عزیزان: